The IWA Forest Industry Pension Plan is not a true defined benefit pension plan , which would hold the Plan sponsor liable for funding shortfalls. It is defined by the Pension Regulator as a Multiemployer “Negotiated Cost” Plan and the responsibility of the contributors is limited to paying the amount agreed to in the collective agreement. If the collective agreement amount proves to be insufficient to support the targeted benefit level, the Trustees would have to consider reducing the benefit level to an amount that would be supported by the contributions.